The Russians were afraid to spend money

Two-thirds of Russians believe that the current economic situation, it is better not to spend but to save money. On Monday, September 9, reports RIA Novosti with reference to data of a survey conducted by the Russian centre for public opinion studies (VTSIOM). The opposite view was expressed by 23 percent of respondents.

More than 50 percent of survey participants concluded that now is not the time for major purchases, do not agree with them 28 percent of respondents. The survey showed that 47 percent of Russians prefer to keep surplus funds in banks, 32 per cent believe that if the money is there, they need to take.

Most — 63 percent of Russians keep their savings in rubles, five percent — dollars, three per cent — in euros, two percent in other foreign currencies. The survey was conducted in late August among citizens over the age of 18, and was attended by 1.6 thousand people.

In early September it became known that the real expenses of Russians on food was reduced in 2018 amid falling revenues. It turned out that the average cost of Russians on food in the structure of consumer spending last year reached 36 percent. According to international standards, the poor are those consumers who spend on food, more than 60 percent of all costs.